Finance Central

Bond Prices Push Higher Ahead of FOMC Decision; Housing Data Beats

Bond Prices Push Higher Ahead of FOMC Decision; Housing Data Beats

US Treasury prices added to gains Wednesday and followed European bonds higher, pushing yields lower, aided by a run of weaker inflation numbers. Still, the prices were off their highs of the day with the Federal Open Market Committee’s expected rate decision of a 25 basis-point cut, and Chair Jerome […]

Pending Home Sales Rise More Than Expected in May

Pending Home Sales Rise More Than Expected in May

Pending home sales rose more than expected in May, as three of the four regions showed gains, led higher by lower-than-usual lending rates, the National Association of Realtors said Thursday. The pending home sales index, a forward-looking measure based on contract signings, rose 1.1% to 105.4 in May from 104.3 […]

New Home Sales Miss Expectations in May

New Home Sales Miss Expectations in May

Sales of new single-family homes in the US were lower than expected in May, government data showed Tuesday. Some 626,000 new homes were sold last month on a seasonally adjusted annual basis, according to data released by the Census Bureau and the Department of Housing and Urban Development. That missed […]